Teradyne Reports Q3 2026 Results: Revenue Up 70% YoY Driven by AI Demand
TERADYNE, INC
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Filing Summary
Teradyne, Inc. (NASDAQ: TER) - Q3 2026 Financial Results
• Revenue: $1,306M (+70% YoY vs. $769M in Q3'25) • GAAP EPS: $2.17 (vs. $0.75 in Q3'25) • Non-GAAP EPS: $2.29 (vs. $0.85 in Q3'25) • Segment Revenue: Semiconductor Test: $1,072M | Product Test: $138M | Robotics: $96M • Q4 2026 Guidance: Revenue of $1,250M–$1,350M; Non-GAAP EPS of $1.95–$2.25 • Key Highlights: Record revenue in Memory and Integrated Systems Test driven by AI demand; Robotics segment reached record Q3 revenue and achieved profitability.
Comprehensive Analysis
Teradyne, Inc. (NASDAQ: TER) Q3 2026 Earnings Summary
Overview
On October 27, 2026, Teradyne, Inc. furnished a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition), announcing financial results for the third quarter ended September 27, 2026.
Third Quarter 2026 Financial Performance
- Revenue: $1,306 million, representing a 70% increase compared to $769 million in Q3 2025 and slightly down from $1,329 million in Q2 2026. The result exceeded the upper bound of previous Q3 guidance.
- GAAP Diluted EPS: $2.17 (Net income of $342.4 million), compared to $0.75 in Q3 2025 and $2.38 in Q2 2026.
- Non-GAAP Diluted EPS: $2.29 (Non-GAAP net income of $359.9 million), compared to $0.85 in Q3 2025 and $2.47 in Q2 2026.
Segment Performance
- Semiconductor Test: $1,072 million
- Product Test: $138 million
- Robotics: $96 million (achieved profitability and delivered record Q3 revenue)
Management Commentary
CEO Greg Smith highlighted strong momentum from the company's "wafer to data center" strategy and broad portfolio. Growth was propelled by AI-related demand spanning memory test, hard disk drive test, high-speed interconnects, and robotics automation.
Fourth Quarter 2026 Outlook
- Revenue: $1,250 million to $1,350 million
- GAAP Diluted EPS: $1.88 to $2.18
- Non-GAAP Diluted EPS: $1.95 to $2.25 (excluding intangible amortization and related adjustments)
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